Article re-cap
- Petrol and diesel pump rates will decrease effective from 1 July 2026.
- The fuel price reduction is driven by lower international petroleum product prices, a drop in crude oil prices, and a stronger rand against the US dollar.
- Short term fuel levy relief will be phased out on 1 July, resulting in the reinstatement of full fuel levies.
- 95 Unleaded will cost R25.23 at the coast and R26.11 in Gauteng from 1 July.
The Minister of Mineral and Petroleum Resources announced decreases in petrol and diesel pump rates effective from 1 July 2026.
The Department of Mineral and Petroleum Resources said fuel price adjustments are informed by international and local factors. These include the importation costs for crude oil and finished products, as well as shipping costs.
According to the department, the decrease is due to a drop in crude oil prices, lower international petroleum product prices, and a stronger rand against the US dollar. The average Brent Crude oil price decreased from 104.59 USD to 86.53 USD during the period under review following a Memorandum of Understanding between the US and Iran.
The department also stated that short term fuel levy relief will be phased out on 1 July, meaning full fuel levies will be reinstated. This follows a period where relief was introduced to cushion sharp hikes during the US and Iran conflict.
From 1 July, 95 Unleaded will cost R25.23 at the coast and R26.11 in Gauteng, while 93 Unleaded will retail for R25.94. The wholesale price of 500ppm diesel will decline to R23.91 at the coast and R24.78 inland, with 50ppm prices falling to R24.41 and R25.16 respectively.
The reduction in fuel costs comes as South African families face financial pressures from rising food prices and a producer inflation increase to 7.8 percent in May.
Frequently asked questions
What are the new fuel prices effective from 1 July 2026?
From 1 July 2026, 95 Unleaded will cost R25.23 at the coast and R26.11 in Gauteng. 93 Unleaded will retail for R25.94. Diesel prices will decrease to R23.91 per litre at the coast and R24.78 inland for 500ppm, with 50ppm diesel at R24.41 and R25.16 respectively.
Why are petrol and diesel prices decreasing?
The decrease is due to a drop in crude oil prices, lower international petroleum product prices, and a stronger rand against the US dollar. Brent Crude oil price fell from 104.59 USD to 86.53 USD following a Memorandum of Understanding between the US and Iran.
What happens to fuel levies on 1 July 2026?
Short term fuel levy relief will be phased out on 1 July 2026, and full fuel levies will be reinstated. The relief had been introduced to cushion sharp hikes during the US and Iran conflict period.
How do fuel price changes affect Bloubergstrand residents facing other cost increases?
The fuel price decrease provides some relief as South African families face financial pressures from rising food prices and producer inflation reaching 7.8 percent in May. However, this gain may be partially offset by other upcoming cost increases in the region.
Source: iol.co.za
